All sellers may be tempted to raise the price of what they sell, but an unintended effect of raising the price could be in units sold large enough their total revenue earned. to O an increase; raise an increase; lower a decrease; raise O a decrease; lower

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
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Q4 Solve in 5 min
QUESTION 4
All sellers may be tempted to raise the price of what
they sell, but an unintended effect of raising the
price could be
in units sold large enough
to
their total revenue earned.
an increase; raise
an increase; lower
a decrease; raise
a decrease; lower
Transcribed Image Text:QUESTION 4 All sellers may be tempted to raise the price of what they sell, but an unintended effect of raising the price could be in units sold large enough to their total revenue earned. an increase; raise an increase; lower a decrease; raise a decrease; lower
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